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Showing 121 - 130 of 140 results for "ASIC Act"

Market Wrap - Morning

AAP  |  FRIDAY, 28 MAR 2008
The Australian sharemarket is expected to open lower after US stocks ended lower this morning, although rises in base metal prices in London will support mining stocks. At 0707 AEDT on the Sydney Futures Exchange, the June share price index futures ...

ASIC acts to shut down scheme owing nearly $8m

HAMISH MADDEN  |  MONDAY, 26 MAR 2007
The Australian Securities and Investments Commission (ASIC) has commenced proceedings against a managed investment scheme which owes investors roughly $7.87 million. ASIC has taken action in the Adelaide Supreme Court to have a managed investment scheme ...

Lo-doc broker to pay client compensation: ASIC

... deceptive conduct regarding the lo-doc loans they processed. The regulator alleged that Tonadale and Skeers breached the ASIC Act by arranging two lo-doc loans that the borrower could not afford to repay and using false financial information on the required ...

ASIC acts against wealth management promoter

ASIC has taken action against Jamie McIntyre and his company 21st Century Academy Pty Ltd preventing them from promoting any further wealth creation schemes. 21st Century Academy specialises in conducting wealth creation seminars, DVD and compact disc ...

Eight year gaol sentence for former financial adviser

The District Court of New South Wales has sentenced John Higgins to eight years gaol with a non-parole of five years after the former financial adviser was found to have misappropriated over $1.7 million of clients' funds. Higgins pleaded guilty in ...

ASIC moves against misleading advertising

... advertising material are accurate." As part of the enforceable undertaking - under the consumer protection provisions of the ASIC Act - Mortgage Point will compensate customers who may have lost funds by relying on the mortgage broker's 'impartial advice'. ...

ASIC restricts wealth creation spruikers

... director Mr Jon Giannopoulos, and JTC Group made a number of false and misleading representations in contravention of the ASIC Act 2001 during the promotion and presentation of wealth creation seminars. BFE, Mr Giannopoulos and JTC Group have been restrained ...

ASIC welcomes closer scrutiny on advertising guidelines

... Guidelines should provide a useful tool in that process," Tanzer said. According to ASIC regulations as defined under the ASIC Act 2001, misleading and deceptive conduct in relation to financial services, including through advertising, is prohibited. ...

ASIC acts against Mellon for misleading statements on super fees

The Australian Securities and Investments Commission (ASIC) has on Wednesday taken action against Mellon Nominees for misleading statements made to investors relating to the fees charged on its superannuation fund. The regulator said it found a statement ...

Cayman Islands insurer banned from trading after ASIC action

AAP  |  TUESDAY, 15 JUN 2004
A Cayman Islands-registered insurer has been banned from trading in Australia until it becomes properly licensed after a successful action brought by the Australian Securities and Investments Commission (ASIC). The Supreme Court of NSW found Triton ...